MUNICH RE SYNDICATE LIMITED
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Cash
£344k
-21.3% lowest in 3 filed years
Net assets
£4m
+11.3% highest in 3 filed years
Employees
295
+9.7% vs 2024
Profit before tax
£2.8m
+18.8% highest in 3 filed years
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £48,779,845 | £63,019,842 | £70,833,213 | +12.4% | |
| Operating profit | £1,712,886 | £2,289,397 | £2,347,680 | +2.5% | |
| Profit before tax | £1,739,727 | £2,368,951 | £2,814,742 | +18.8% | |
| Net profit | £1,348,862 | £1,769,923 | £2,109,722 | +19.2% | |
| Cash | £1,230,829 | £437,702 | £344,343 | -21.3% | |
| Total assets less current liabilities | £4,122,823 | £4,010,327 | £4,420,049 | +10.2% | |
| Net assets | £3,140,404 | £3,610,327 | £4,020,049 | +11.3% | |
| Equity | — | £3,610,327 | £4,020,049 | +11.3% | |
| Average employees | — | 269 | 295 | +9.7% | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — | |
| Directors' pension contributions | — | £18,000 | £28,000 | +55.6% | |
| Highest paid director | — | £1,548,000 | £1,524,000 | -1.6% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 3.5% | 3.6% | 3.3% | |
| Net margin | 2.8% | 2.8% | 3.0% | |
| Return on capital employed | 41.5% | 57.1% | 53.1% | |
| Gearing (liabilities / total assets) | 98.1% | 98.3% | 99.0% | |
| Current ratio | 1.03x | 1.02x | 1.01x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 3 times since incorporation
- MUNICH RE SYNDICATE LIMITED 2015-12-31 → present
- MUNICH RE UNDERWRITING LIMITED 2000-10-09 → 2015-12-31
- APOLLO UNDERWRITING LIMITED 1996-09-16 → 2000-10-09
- M.F.K. UNDERWRITING AGENCIES LIMITED 1977-09-05 → 1996-09-16
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“On the basis of this financial position and the liquidity of its assets, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, being at least 12 months from the date of the approval of the financial statements.”
Significant events
- “A proposed dividend of £2,300,000 to MRSG was tabled at the Board Meeting. As the dividend is only proposed this has not been recognised as a liability in the balance sheet.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 41 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ZAREMBA, Constance Morag | Secretary | 2023-07-27 | — | — |
| COE, John Alan | Director | 2026-04-20 | Nov 1979 | British |
| HERRMANN, Stephan Heinrich | Director | 2018-11-29 | Oct 1968 | German |
| HILL, Gareth Kim | Director | 2023-07-14 | Apr 1980 | British |
| HOARE, Dominick James Rolls | Director | 1996-11-20 | Aug 1963 | British |
| MITRA, Kathleen Elizabeth | Director | 2025-01-06 | Nov 1966 | British |
| MORGAN, Tangy Cathleen | Director | 2024-12-28 | Nov 1959 | American,British |
| MORRIS, Karen Anne | Director | 2023-12-07 | May 1959 | British,American |
| WHITE, Roy Ian | Director | 2023-07-10 | Oct 1958 | British |
Show 41 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BIRD, Carolyn | Secretary | — | 1994-10-01 |
| COSKUN, Timur | Secretary | 2021-03-03 | 2023-07-27 |
| COSKUN, Timur | Secretary | 2001-01-30 | 2009-10-01 |
| GRAY, Nicholas John Talbot | Secretary | 1996-11-20 | 2001-01-30 |
| HARGREAVES, Elizabeth Mary | Secretary | 2015-12-07 | 2021-03-03 |
| JEPHCOTT, Mark | Secretary | 1994-10-01 | 1996-11-20 |
| REED, Howard John | Secretary | 2009-10-01 | 2015-12-07 |
| ALLEN, Leslie Francis | Director | 2015-08-17 | 2023-08-31 |
| ANDREWARTHA, Elizabeth Jane | Director | 2013-09-01 | 2023-08-31 |
| ARTMANN, Thomas Eduard | Director | 2003-09-19 | 2026-03-01 |
| ATTWOOD, Rhonda Joanne | Director | 2021-11-11 | 2023-07-14 |
| BIGGS, Owen Anthony Warren | Director | — | 1996-06-17 |
| BLUNT, Robin John | Director | — | 1994-09-30 |
| BURDYL-STROHMANN, Peter | Director | 1997-10-28 | 1999-06-30 |
| CABRERA, Elizabeth | Director | 2025-01-21 | 2025-10-10 |
| CARROLL, Timothy Joseph | Director | 2017-03-01 | 2023-07-31 |
| COOPER, John Anthony | Director | 2007-07-02 | 2012-04-26 |
| COSKUN, Timur | Director | 2001-10-29 | 2024-12-31 |
| CRABTREE, Oliver John | Director | 2001-08-22 | 2015-12-31 |
| CROOM-JOHNSON, David Patrick | Director | 2023-09-19 | 2023-12-07 |
| GOODIER, William Frank | Director | 1997-10-23 | 2008-05-22 |
| GOSCH, Sabine Elke | Director | 2016-09-09 | 2018-03-14 |
| GRANDE, Roderic William Ricardo | Director | 1993-09-02 | 2015-07-01 |
| GRAY, Martin Bevis | Director | 1993-09-02 | 1995-11-28 |
| GRAY, Nicholas John Talbot | Director | 1996-11-20 | 2015-05-13 |
| GUELFAND, Grigoriy | Director | 2014-04-14 | 2021-03-30 |
| HEWETT, Martin Clive | Director | 2018-08-01 | 2025-03-31 |
| JOWITT, Henrietta | Director | 2023-04-24 | 2023-07-31 |
| MARCELL, Philip Michael | Director | 1997-10-23 | 1999-11-23 |
| MAXWELL, Alison Clare | Director | 2018-11-22 | 2022-06-30 |
| MAXWELL, Alison Clare | Director | 2006-11-10 | 2017-09-01 |
| MCCORD, Michael Patrick Phillips | Director | — | 2002-11-15 |
| MOLCK-UDE, Andreas Eduard | Director | 1997-11-10 | 1999-12-31 |
| NEWSON, Terence John | Director | — | 1995-09-30 |
| NOBLE, Edward Nelson | Director | 2008-04-15 | 2019-03-31 |
| NOBLE, Edward Nelson | Director | — | 1996-11-14 |
| PALMER, Graham Charles Francis | Director | 1996-11-20 | 1997-10-23 |
| RIORDAN, Eamonn Patrick | Director | 1997-10-28 | 2003-04-30 |
| ROCHMAN, John Howard | Director | 1999-11-23 | 2018-12-31 |
| ROCHMAN, John Howard | Director | — | 1997-10-23 |
| WATKINS, Mark Christopher | Director | — | 2016-04-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Munich Re Specialty Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 257 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-04 | AA | accounts | Accounts with accounts type full | |
| 2026-05-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-24 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-17 | AA | accounts | Accounts with accounts type full | |
| 2025-04-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-24 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-01 | AA | accounts | Accounts with accounts type full | |
| 2024-03-18 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-12-18 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-14 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-31 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.